At present, the development of hydrogen fuel cell industry is a hot spot in the capital market. According to the statistics of hydrogen cloud chain, as of September, there have been more than 24 financing incidents of hydrogen energy enterprises completed this year (excluding fundraising projects of listed companies), and the financing amount has exceeded 3.4 billion yuan. In these 24 financing incidents, the fuel cell link is still the mainstream, and the investment in hydrogen production is in the ascendant. The average financing amount of these 24 enterprises exceeded 1 100 million yuan, the valuation and financing amount of hydrogen energy enterprises increased simultaneously, and the corporate financing run entered the "100 million yuan era". With the determination of the long-term market prospect, the recognition of the hydrogen energy industry in the capital market is constantly improving.
In March this year, the National Development and Reform Commission issued the Medium and Long-term Plan for the Development of Hydrogen Energy Industry (202 1-2035), which made it clear that hydrogen energy is an important part of the future national energy system, and fuel cell vehicles are the main application scenarios of hydrogen energy in the transportation field. Compared with pure electric vehicles, fuel cell vehicles have higher energy, and the hydrogenation time and driving comfort are equivalent to those of fuel vehicles. There are two main reasons behind the capital boom. First, the industry generally believes that the market prospect of hydrogen fuel cell vehicles is broad. Second, since the beginning of this year, various localities have introduced policies that are beneficial to the hydrogen energy industry, and at the same time, they have shown the rapid development of urban agglomerations.
According to the data released by China Automobile Industry Association, the production and sales of fuel cell vehicles in the first three quarters were 2,000, up by 1.7 times and 1.3 times respectively. Guolian Securities predicts that hydrogen fuel cell vehicles will go through two stages of development in the next decade: 2020-2025 will be the initial stage of development, and the hydrogen energy vehicle market will be policy-driven, with emphasis on developing medium and heavy trucks; From 2025 to 2030, with the popularization of infrastructure, technological innovation and cost reduction, the industry will enter an accelerated development period, and it is estimated that the annual sales scale will reach 654.38+million vehicles by 2030.
"The hydrogen fuel cell industry has a broad future development space and a high enthusiasm in the capital market. However, the industry is still in its early stages. The development of the hydrogen fuel cell industry is a marathon, and enterprises with core technologies and business models can survive in the subsequent development. " Lin Cheng, a professor at Beijing Institute of Technology, told reporters.
In order to achieve better commercialization, enterprises will be more inclined to choose investors with cooperation space when financing. Take this potential energy B round of financing as an example. The lead investor, China Building Materials New Materials Fund, was initiated by China Building Materials Group, and is the parent fund of the national ministries and commissions. China Building Materials Group has rich business scenarios and strong demand for carbon emission reduction. Weiwei Energy said that this financing will empower Weiwei Energy in terms of industrial chain expansion, ecosystem construction and exploration of new business models, attracting more strategic resources and cooperation opportunities. At the same time, we will combine the opportunity of this round of financing to optimize the shareholder structure and promote in-depth cooperation in the fields of new materials and hydrogen energy promotion and application. Judging from the financing events in the field of hydrogen fuel cells this year, Shunhua New Energy System, Kunhua Technology and Dongfang Hydrogen Energy also chose strategic investors.
At present, the heavy truck of hydrogen energy logistics has become one of the main scenes to realize the commercialization of hydrogen fuel cell industry. According to public data, since July this year, the number of purchase orders for hydrogen fuel cell heavy truck agreements has exceeded 1 10,000 vehicles. In terms of service life, the service life of fuel cells generally exceeds 5000h, and some even reach 10000h, which is much higher than the 3000h of lithium batteries, and the long-term use cost is lower than that of pure electric trucks. However, the purchase cost of heavy trucks for hydrogen fuel cells is still high. At present, the price of a hydrogen fuel cell heavy truck generally reaches more than one million yuan. At the same time, the use cost of hydrogenation is also relatively high.
Xie, vice president of Weishi Energy, said in an interview with the First Financial Reporter that for the hydrogen fuel cell industry, when the market reaches a certain scale, the operating cost will be much lower than that of lithium batteries and close to fuel vehicles. By 2025, hydrogen fuel cell heavy trucks will have advantages in the whole life cycle compared with fuel vehicles and lithium battery vehicles. "Enterprises engaged in the research and development of hydrogen fuel cell products are helping the landing of hydrogen energy heavy trucks. Unprovoked Energy has laid out Beijing Xinfadi Agricultural Batch Logistics and Tianjin Hydrogen Energy Vehicle Green Logistics Transportation Demonstration Project in Beijing, Tianjin and Hebei in advance, and the number of demonstration vehicles is planned to exceed 1000. At present, the 100 kW high-power hydrogen fuel cell engine with potential energy has been equipped with xiong'an new area Baiche hydrogen energy heavy truck. " Xie said that the potential energy fuel cell system will also be launched with a certain brand of passenger cars, and there will be a layout of commercial vehicles and shipping business.
TF Securities believes that the hydrogen fuel cell industry in China is very similar to the lithium battery industry of 20 12. The policy is supported from top to bottom, the technology meets the conditions of industrialization, the layout of enterprises is accelerated, the localization process of industrial chain is started, and the enthusiasm for investment and financing in the capital market continues to rise. Similar to Japan and the United States, China's hydrogen fuel cell industry has increased greatly, and it is in the rising stage, and the curtain of trillion-dollar industry has been opened.